In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 2.92 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 3.22 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.729 |
| 2nd High | 3.329 |
| Next High | 3.22 |
| Current Price | 3.067000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
3.22 – 3.192 – 3.329 – 2.996 – 2.92 – 3.055 —
3.075000000 – 3.133000000 —
47.792394820442 – 61.292169723929 —
– —
3.22 – 1781825400
Trading Signals: CRYPTO – UNI – UNI/USDT – USDT – Two Crows – – –